Actuary

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose : Bringing our heart to every moment of your health.

This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand with heart at its center our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

Join CVS Health as an Actuarial Services Senior Manager, on the Medicare D Actuarial Services team. We are seeking an actuary to support our Medicare Health Plan Clients.

You will work with CVS Caremark Medicare Health Plan clients, providing guidance and analytics, including consultations on formulary decisions, plan design, rebate strategies, and impacts of regulatory changes.

You will work with other departments internally to support our Medicare Health Plan clients through the annual Medicare bid process.

You will work with internal partners to support our Health Plan clients and responsibilities will include :

• Collaborating with internal CVS Caremark teams to support clients’ initiatives
• Analyzing lowest net cost strategies
• Developing and maintaining models to support analytics
• Quantifying the impact of legislative and regulatory changes in the Medicare Part D landscape
• Developing various ad hoc analyses for clients
• Presenting analyses and recommendations to Medicare clients

To be successful, you will possess strong consultative and analytical skills, as well as the ability to develop relationships within / outside of the Actuarial Services Department.

The ideal candidate will have strong problem solving, writing and communication skills, with a proven ability to communicate and consult effectively with both internal and external clients.

You should have the ability to work well in a multidisciplinary team environment, as well as independently.

Required Qualifications

• Minimum 7 years of Actuary experience, including proven ability to communicate and consult effectively with internal or external clients
• Minimum 1 years SAS experience
• Accredited Actuary is required (Associate of the Society of Actuaries or Fellow of the Society of Actuaries)

Preferred Qualifications

• Minimum 7 years of Health Insurance experience, including proven ability to communicate and consult effectively with internal or external clients
• Minimum 5 years’ experience working directly with healthcare client data analyzing pharmacy claims or other relevant data analysis
• Experience with Medicare Part D, Medicare Advantage, or Medicaid
• Intimate knowledge of the healthcare industry
• Outstanding verbal / written communications, presentation, problem-solving and interpersonal skills.
• Python experience
• Some minimal travel may be required

Education

Bachelors Degree in a relevant discipline (Finance, mathematics, or business) or equivalent experience required

Pay Range

The typical pay range for this role is :

$75,400.00 - $166,000.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls.

The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.

This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

This position also includes an award target in the company’s equity award program.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.

The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.

The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits.

CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.

As for time off, Company employees enjoy Paid Time Off ( PTO ) or vacation pay, as well as paid holidays throughout the calendar year.

Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.